International Tax Ruling
SC dismisses Revenue appeal, upholds HC's valuation of imported goods viz. scrap, basis highest bid received during auction; Observes that, imported goods were treated as 'scrap' by dealer in USA, exp
...View More CESTAT allows assessee’s appeal, transaction / invoice value cannot be rejected basis 'quotation' which gives domestic retail sale price; A mere quotation is vastly different from commercial inv
...View More HC dismisses Revenue appeal, leasing of power plant along with land, building, plant and machinery, not 'removal of capital goods' as such, credit availed thereon not reversible under Rule 3(5) of CEN
...View More Mumbai CESTAT rules in favour of manufacturer-assessees on the issue of inclusion of difference between deferred sales tax liability and sales tax paid under Deferral Scheme of Maharashtra Packaged Sc
...View More CESTAT dismisses Revenue appeal, sets aside interest under erstwhile Sec. 11AB and penalty u/s 11AC of Central Excise Act for non-inclusion of mould amortisation cost in assessable value of manufactur
...View More HC dismisses writ, supply of high speed diesel (HSD) to shipping vessel located in territorial waters, not a sale outside State of Maharashtra, assessee liable to pay VAT; On receipt of Purchase Order
...View More HC partly allows assessee’s writ petition, ‘fly ash’ generated during burning of pulverized coal does not involve any manufacturing activity and therefore does not fall within purvie
...View More CESTAT allows CENVAT credit on pet coke supplied to assessee’s sister unit for generation of electricity, which is ultimately used for manufacture of final product; Rejects Revenue contention th
...View More CESTAT allows assessee's appeal, lease rentals for use of optic fibre cable taxable basis amount actually received, not equalised notional lease rent income disclosed to comply with AS-19; Rejecting R
...View More SC remits issue of classification of ‘lifting machinery’ that is used to bring up & down an elevator / lift, to Tribunal so as to decide afresh applicable excise duty rate during the p
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